051313 EDACITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes May 13, 2013
Regular Meeting City Hall
CALL TO ORDER President Hemken called the meeting of the Economic Development
Authority to order at 7:40 p.m.
ROLL CALL Present: Kathi Hemken, President
John Elder, Commissioner
Andy Hoffe, Commissioner
Eric Lammle, Commissioner
Daniel Stauner, Commissioner
Staff Present: Kirk McDonald, City Manager
Guy Johnson, Director of Public Works
Valerie Leone, City Clerk
Jeff Sargent, Community Development Specialist
Steve Sondrall, City Attorney
APPROVE MINUTES Motion was made by Commissioner Hoffe, seconded by Commissioner
Stauner, to approve the Regular Meeting Minutes of April 22, 2013. Voting
in favor: Hemken, Hoffe, Lammle, Stauner; Voting against: None; Abstained:
Elder; Absent: None. Motion carried.
IMP. PROJECT 911 President Hemken introduced for discussion EDA Item 4, Resolution
Item 4
authorizing an interfund loan for advance of certain costs in connection with a
tax increment financing district that may be created by the city of New Hope
and the New Hope Economic Development Authority (project no. 911).
Mr. Jeff Sargent, Community Development Specialist, explained that this
action is similar to Item 8.1 approved by the City Council. He stated both
groups must approve similar resolutions as the EDA acts as a separate entity
from the City Council, and the EDA will be purchasing the property at 7940
55th Avenue North (Winnetka Learning Center site). He noted the EDA could
be reimbursed for qualified expenditures through tax increments generated
by a future TIF district which encompasses the property.
RESOLUTION 2013-07 Commissioner Elder introduced the following resolution and moved its
Item 4 adoption “RESOLUTION AUTHORIZING AN INTERFUND LOAN FOR
ADVANCE OF CERTAIN COSTS IN CONNECTION WITH A TAX
INCREMENT FINANCING DISTRICT THAT MAY BE CREATED BY THE
CITY OF NEW HOPE AND THE NEW HOPE ECONOMIC
DEVELOPMENT AUTHORITY (PROJECT NO. 911).” The motion for the
adoption of the foregoing resolution was seconded by Commissioner Stauner,
and upon vote being taken thereon, the following voted in favor thereof:
Hemken, Elder, Hoffe, Lammle, Stauner; and the following voted against the
same: None; Abstained: None; Absent: None, whereupon the resolution was
EDA Meeting
Page 1May 13, 2013
declared duly passed and adopted, signed by the president which was
attested to by the executive director.
ADJOURNMENT Motion was made by Commissioner Lammle, seconded by Commissioner
Elder, to adjourn the meeting. All present voted in favor. Motion carried. The
New Hope EDA adjourned at 7:42 p.m.
Respectfully submitted,
Valerie Leone, City Clerk
EDA Meeting
Page 2May 13, 2013